Hold Off on Boston<\/strong><\/h2>\nMs. Wynn, a Wynn Resorts co-founder, was ousted from the board in 2015 because she had filed suit against the company in an effort to retain control of her shares. A 2010 shareholder agreement, drawn up as part of the Wynns\u2019 divorce settlement, had frozen both parties\u2019 ability to sell their shares. The agreement was revoked by a judge to allow Mr. Wynn to divest himself of his equity last month.<\/p>\n
Ms. Wynn said she wanted a new board before any major decisions could be made about possible transactions.<\/p>\n
\u201cI raise this because of various market rumors and the Bloomberg headline of April 13 reading\u00a0\u2018Wynn Resorts\u00a0CEO Maddox Says Boston Casino Sale Possible,\u2019\u201d her letter said<\/p>\n
The board is rumored to be in talks with MGM about a possible sale of the unfinished Wynn Boston Harbor in Everett, Massachusetts.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wynn Resorts\u2019 biggest shareholder, Elaine Wynn ,wants an immediate shake up of the board that once backed a resolution, led by her ex-husband, Steve Wynn, to oust her. The day after Ms. Wynn settled a longstanding legal battle with the company and her former spouse, she wrote to the board demanding it reopen the window […]<\/p>\n","protected":false},"author":36,"featured_media":75706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,18],"tags":[],"acf":[],"yoast_head":"\n
Elaine Wynn Vows Board Shake Up at Wynn Resorts, Expect Heads to Roll<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n